US airline stocks rise on hopes for a travel rebound
CNN
US airline stocks rose Monday after a number of carriers reported strong demand for seats from leisure travelers.
Speaking at an investor conference held Monday by JPMorgan, executives from American Airlines, United, Delta and JetBlue all reported strong bookings going into the traditional spring-break period, and several said they're also selling a growing number of tickets into the summer. "The last three weeks have been the best three weeks since the pandemic hit," American CEO Doug Parker said regarding advanced ticket sales. "We're getting very close to 2019 levels in total bookings."
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